Senior Executive Market Updates – post Thanksgiving US uplift
The US market is expected to see an uptick for the next few weeks; in the US, financial plans are often signed off post Thanksgiving meaning that mandates are often being finalised in December.
Many search consultants in the UK and Europe are already looking ahead to the start of 2024; with inflation coming under control, it is expected that businesses will be in a stronger position to invest and start proactively making senior appointments with a methodology based on growth rather than merely replacement as weare seeing currently.
Focussing and preparing you and planning the entire process by which you identify and find that new challenge is InterExec’s core skill. With Q1 looking particularly strong, using December as the ideal time to plan and prepare for getting your campaign underway in the new year is well worth consideration.
That said, Q4 remains active, and strong in many key regions. The market in the Middle East is especially active particularly in Dubai.
Candidates in leadership roles within the airline industry are of a high level of interest currently.
Generally speaking the technology, energy, consultancy & PE sectors are also very active, with clients across all 4 segments of the market receiving positive interaction from the Interexec network of search consultants in recent days.
This level of market activity into December has been an increasingly consistent pattern post COVID and it reflects a need by search consultants and their clients to prepare early for new senior executive appoints in the new year.
Despite it being late November there is plenty of activity in financial markets. As an example,London based Allica Bank has topped Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies.
Alicia Bank currently employs over 450 people and specialises in banking for small and mediumsized enterprises. Its objective is to provide a fullservice alternative to high street banks for established SMEs. SMEs make up a third of the UK economy and employment.
Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The impressive growth among this year’s Fast 50 winners demonstrates the tenacity of the UK’s technology sector as it cements itself among the top locations for venture capital investment globally”; mentioned as FinTech remains a good news story for London.
Opportunities in hedge funds, and particularly multi-strategy hedge funds, remain a positive sector consistently seeking new senior executives. Additionally, across the major geographic regions, regulation and compliance also continues to remain in high demand.
Financial restructuring, risk, governance and investment banking remain sectors with positive levels of activity (with the exception of US investment into Asia funds, due mostly to the correlation of the US believing Asia means China) as do consultancy in technology, especially digitalisation and AI, ESG, corporate and financial strategy.
Finding the right search consultant with the most appropriate job opportunity to match your objectives in this unadvertised and often politically complex marketplace is one of the key InterExec skills.
Please do not hesitate to get in touch with the InterExec team at any time up to 6 months prior to when you hope to move.